In 1991,Argentina adopted a currency board (the Argentine peso had been pegged to the U.S.dollar at a one-to-one rate of exchange)to fight hyperinflation.This currency board lasted for a decade until the economic crisis of 2001.Discuss : 1)the pros and cons of a currency board policy,2)the crisis condition of the Argentina's economy by 2001,and 3)the lessons to be drawn from the the Argentina story.

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The Answer of In 1991,Argentina adopted a currency board (the Argentine peso had been pegged to the U.S.dollar at a one-to-one rate of exchange)to fight hyperinflation.This currency board lasted for a decade until the economic crisis of 2001.Discuss : 1)the pros and cons of a currency board policy,2)the crisis condition of the Argentina's economy by 2001,and 3)the lessons to be drawn from the the Argentina story.

In 1991,Argentina Adopted a Currency Board (The Argentine Peso Had